Manchester rivals Birmingham as UKΓÇÖs second city for office space
Commercial property agent Lambert Smith Hampton has found that outside of London, Manchester has grown significantly more in terms of property take-up than the UK’s other major cities, including Birmingham, Edinburgh, Bristol, Leeds and Glasgow.
Lambert Smith Hampton say that the recent rise in development may have boosted the city’s performance, which has seen an average annual take-up of just under 1 million sq ft.
They also state that the proactive nature of both the city council and inward investment company MIDAS, as well as the growth of the region’s established transport hubs, has helped to fuel interest in the city and attract a wider audience.
According to TheBusinessDesk, Lambert Smith Hampton’s associate director at their Manchester office, David Thwaites, said:
“Adorning the city’s skyline is an explosion of new architectural structures, from the slick and sophisticated Spinningfields to the perfectly polished Piccadilly. These large-scale mixed-use developments have injected the city with an enviable supply of grade A office space on a scale unlike anything ever seen before outside of London.”
He added, “In doing so, Manchester has been thrust onto national and global shortlists for corporate requirements, providing a major catalyst for a vibrant and thriving economy.”